TIA Data

2017 Financial State of Utah (Released 5/15/2018)

Utah owns more than it owes.
Utah has a $4,400 Taxpayer Surplus.™
Utah is a Sunshine State with enough assets to cover its debt.
Elected officials have created a Taxpayer Surplus™, which is each taxpayer's share of money available after state bills have been paid.
TIA's Taxpayer Surplus™ measurement incorporates both assets and liabilities, not just pension debt.
Utah has $10.3 billion of assets available to pay the state's bills totaling $6.4 billion.
Utah has $3.9 billion available after bills have been paid, which breaks down to $4,400 per taxpayer.
Utah has delayed the recognition of changes in its pension liability. As a result of this and other deferrals, the state's overall net position is inflated by $404.1 million.
The state implemented a new accounting standard early and now reports all of its retiree health care debt on its balance sheet. However, $2.4 million of pension debt is still excluded.
The state's financial report was released 154 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2016 Financial State of Utah

2015 Financial State of Utah

2014 Financial State of Utah

2013 Financial State of Utah

Other Resources

Utah Comprehensive Annual Financial Reports

Publishing Entity: Utah Department of Administrative Services